MADISON, N.J. and MOUNTAIN VIEW, Calif. – Jan. 20, 2010 — Damco, a world leader in freight forwarding and supply chain management services, has selected Savi Networks’ SaviTrak wireless tracking intelligence service to improve the visibility, security and safety of global container shipments for their customers. Damco will incorporate this technology into its logistics service offerings to provide real-time, automated intelligence on the location and status of customer shipments.
Leveraging wireless data technologies such as GPS, satellite and GPRS (cellular), the web-based SaviTrak service will improve supply chain execution and management, operational efficiency and the security of intermodal cargo moved across all modes of transportation, such as truck, rail, ocean vessel and even air. Customers will be able to experience advance tracking features such as full end-to-end visibility (from stuffing to unloading of a container), “scheduled” history records, including position (latitude/longitude) coordinates or city status updates and immediate alerts.
“SaviTrak delivers a value-added tracking service that brings new levels of automated visibility, security and safety to global shipments,” said Jens Wessel, vice president of Damco North America. “We’re pleased to offer SaviTrak to our valued customers to improve operations, performance and service, as well as deepen supply chain collaboration among our customers and partners.”
Wessel also emphasized SaviTrak’s ability to be implemented almost immediately, its ease-of-use, cost-effectiveness and both quick and long-term ROI potential.
“We’re delighted that Damco, a global logistics leader, entrusts Savi Networks to help provide automated intelligence most anywhere and anytime on vital products shipped to all kinds of international destinations,” said Neil Smith, chief executive officer of Savi Networks. “Our SaviTrak service provides an accurate, commonly shared view of end-to-end shipments, allowing users to take immediate action whenever needed.”
The timeliness of these alerts will provide Damco’s customers additional transparency, such as reporting when a container door has been opened, when it has passed geo-specific locations or when its integrity has been compromised. In the event that any of the above alerts occur, an immediate response will speed up resolution resulting in a more cost-effective solution. In addition, pinpointing where the alerts have occurred can assist in satisfying possible claims and has the potential to improve insurance rates.
Damco is the new, combined brand of the A.P. Moller – Maersk Group’s logistics activities. Damco offers a broad range of supply chain management and freight forwarding services to customers all over the world, and has 10,500 colleagues in 272 offices, covering over 93 countries in Africa, Asia, North America, Europe, Middle East, and Latin America.
In 2008, the company had a net turn-over of USD 2.8 billion, shipped more than half a million TEUs ocean freight, air freighted over 60,000 tons, and handled over 50 million CBMs (equivalent to 2 million TEU) for our supply chain management customers. Damco is an independent business activity within the A.P. Moller – Maersk Group. For more information, please visit www.damco.com.
About Savi Networks
Savi Networks was founded to improve the efficiency and security of global trade. SaviTrak is an intelligence service that utilizes reliable wireless shipment monitoring technology to provide shippers, logistics service providers, and terminal operators with easily accessible, precise and actionable information. The information is used to identify both real-time and systemic shipment and inventory issues and then make appropriate decisions. Savi Networks is a joint venture between Lockheed Martin [NYSE: LMT] and Hutchison Port Holdings. To learn more about Savi Networks, visit: www.SaviNetworks.com